IFM Investors Pty Ltd Purchases 13,060 Shares of NiSource, Inc $NI

IFM Investors Pty Ltd raised its stake in shares of NiSource, Inc (NYSE:NI) by 7.8% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 181,120 shares of the utilities provider’s stock after acquiring an additional 13,060 shares during the period. IFM Investors Pty Ltd’s holdings in NiSource were worth $7,710,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the stock. Crewe Advisors LLC increased its holdings in NiSource by 90.7% during the second quarter. Crewe Advisors LLC now owns 639 shares of the utilities provider’s stock valued at $26,000 after buying an additional 304 shares during the last quarter. Hantz Financial Services Inc. grew its position in shares of NiSource by 2,668.0% during the second quarter. Hantz Financial Services Inc. now owns 692 shares of the utilities provider’s stock valued at $28,000 after purchasing an additional 667 shares in the last quarter. Country Trust Bank bought a new stake in shares of NiSource in the second quarter worth about $28,000. Ameritas Advisory Services LLC purchased a new stake in shares of NiSource during the 2nd quarter worth approximately $32,000. Finally, GHP Investment Advisors Inc. boosted its position in shares of NiSource by 116.7% during the 2nd quarter. GHP Investment Advisors Inc. now owns 975 shares of the utilities provider’s stock valued at $39,000 after acquiring an additional 525 shares during the last quarter. 91.64% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at NiSource

In related news, EVP Kimberly S. Cuccia sold 8,000 shares of the business’s stock in a transaction on Tuesday, November 25th. The shares were sold at an average price of $43.13, for a total value of $345,040.00. Following the completion of the transaction, the executive vice president directly owned 41,247 shares in the company, valued at $1,778,983.11. The trade was a 16.24% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.24% of the stock is owned by insiders.

NiSource Stock Up 0.7%

Shares of NI stock opened at $41.88 on Friday. NiSource, Inc has a fifty-two week low of $35.51 and a fifty-two week high of $44.88. The firm has a market capitalization of $19.99 billion, a PE ratio of 22.16, a P/E/G ratio of 2.80 and a beta of 0.63. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.39 and a current ratio of 0.52. The stock’s 50-day simple moving average is $42.65 and its 200-day simple moving average is $41.80.

NiSource (NYSE:NI) last released its quarterly earnings data on Wednesday, October 29th. The utilities provider reported $0.19 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.01). The business had revenue of $1.27 billion during the quarter, compared to analysts’ expectations of $983.25 million. NiSource had a net margin of 14.15% and a return on equity of 8.09%. During the same period last year, the company earned $0.20 earnings per share. NiSource has set its FY 2026 guidance at 2.020-2.07 EPS and its FY 2025 guidance at 1.870-1.89 EPS. Equities analysts expect that NiSource, Inc will post 1.91 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages have recently commented on NI. Evercore ISI lifted their target price on NiSource from $46.00 to $47.00 and gave the stock an “in-line” rating in a report on Thursday, October 30th. UBS Group upped their price target on shares of NiSource from $45.00 to $48.00 and gave the company a “buy” rating in a report on Wednesday, December 17th. Jefferies Financial Group upgraded NiSource from a “hold” rating to a “buy” rating and boosted their target price for the company from $46.00 to $50.00 in a research report on Friday, October 31st. Barclays set a $45.00 price objective on NiSource in a report on Monday, December 8th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of NiSource in a research note on Monday. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $46.67.

About NiSource

NiSource, Inc (NYSE: NI) is a publicly traded energy holding company headquartered in Merrillville, Indiana, that primarily owns and operates regulated local gas and electric utilities in the United States. Through its operating subsidiaries, the company delivers natural gas and electricity to residential, commercial and industrial customers and provides the associated distribution and transmission services that keep local energy systems functioning.

The company’s core activities include natural gas distribution, electric transmission and distribution, system operations, maintenance and emergency response.